Friday, June 29, 2012

Latest Data Show Slow GDP Growth, Falling Profits

The final estimate from the Bureau of Economic Analysis shows U.S. real GDP growing at a sluggish 1.9 percent annual rate in Q1 2012, the same as in the second estimate released at the end of May.  Nominal GDP grew at a 3.9 percent annual rate. That is slightly faster than previously estimated but still well below the rate that NGDP targeters consider necessary to close a persistent output gap and return the economy to full employment. The BEA also released revised data showing that corporate profits in Q1 were weaker than previously thought. >>>Read More

Follow this link to view or download a classroom-ready slideshow with charts of the latest GDP and profits data

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